Common use of Clause 22 Clause in Contracts

Clause 22. 8.1 above does not apply to a solvent winding up or dissolution on terms previously approved in writing by the Agent or to a petition for winding up presented by a creditor which is being contested in good faith and with due diligence and is discharged within fourteen (14) days.

Appears in 2 contracts

Sources: Credit Agreement (Corporate Property Associates 16 Global Inc), Credit Agreement (Corporate Property Associates 16 Global Inc)